Indian government to auction 3G by Dec
India expects to collect INR 350 billion from the coming auction of third-generation (3G) radio spectrum by December.
e-Auction of Tea Failed to Take-off in Kolkata
Kolkata’s project on e-auction of tea has failed to take-off due technical glitches, lack of space and difficulty in allowing proxy bidders. The e-auction of tea in Kolkata which was to start from January 27, 2009, was carried out but only manually on January 27 and 28, 2009.
Online Auction for Disposable LGUs Assets Proposed in Philippines
A group of local government is working on an online service that would auction the unused and disposable assets of local government units (LGUs) in Philippines. e-Dispose is a web based service through which local government units can enroll for a fee.
Coal India to Launch e-Auction for Future Soon
Coal India will launch e-Auction for forwards contracts coal from March 28, 2008 to offer mostly high-grade coal from underground mines.
e Auction platform for tea in India
e-Auction platform will enable bidding process for all kinds of tea across the six auction centres in the country, from one
e-Auction success brings a huge profit to CIL
The credibility for high profit of Coal India Limited (CIL) last year can largely be attributed to the success of e-Auction.
New online T-bill auction in the offing
After successfully introducing the electronic order-matching system for trading of gilts and Treasury bills, the Reserve Bank of India (RBI) is now considering launching a new electronic platform for the auction of T-bills, along the lines of the NDS-OM.
E-auction rules revamp released
Deputy Prime Minister Visanu Krue-ngarm has unveiled the draft of the overhauled e-auction rules, expected to take effect from Feb 1, although he could not guarantee that it would totally stamp out bid collusion. Mr Visanu was assigned by Prime Minister Thaksin Shinawatra to revise the e-auction rules in the wake of mounting complaints about the process.
